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Talking Real Money - Investing Talk

Buy the Dips?

Talking Real Money - Investing Talk

Don McDonald

How To, Business, Education, Investing

4.5811 Ratings

🗓️ 24 September 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

Any attempt to time the market is likely to fail. Learn more about your ad choices. Visit megaphone.fm/adchoicesQuestions? Comments? Click!

Transcript

Click on a timestamp to play from that location

0:00.0

Reality Radio for a really great future.

0:08.0

We're talking real money.

0:10.6

If we were like a lot of folks in the financial media, we'd claim that we were really

0:15.6

brilliant after yesterday telling you that cryptocurrency was in trouble, because today, Friday, when I'm

0:22.1

recording this, well, cryptocurrency isn't behaving particularly well because China just decided

0:29.9

to make cryptocurrency illegal. And I have to say good for them, because finally, somebody's getting a little bit of sense somewhere in the world.

0:41.8

Surprising it has to be China.

0:43.9

But we're not going into a cryptocurrency episode again today, though.

0:47.5

No, no instead.

0:49.0

We're going to talk a little bit about the stock market, just a little, and then I'm going to take your questions.

0:53.3

The reason I'm going to talk about the stock market, oh, and by the way, hi, welcome to

0:57.1

talking real money.

0:58.0

I'm Don McDonald.

0:59.3

Glad you could be here.

1:01.2

The reason I'm going to talk about the stock market today is there was a great article in

1:04.5

the Washington Post by Michelle Singletary about our desire to try and buy stocks when they're down.

1:16.4

It's called buying the dips.

1:19.2

And the last opportunity you really had to buy, well, there was a little one last week,

1:26.1

early this week, but the last big opportunity you had to buy the dips was back in 2020, right after the pandemic, was obviously going to be a problem.

1:36.2

And a lot of people did.

1:37.6

Some, well, some people did.

1:39.9

But here is the problem.

...

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